PITTSBURGH, March 07, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company"))), announced today that John Kasel, President and Chief Executive Officer, and Bill Thalman, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small Cap Virtual Conference on March 14, 2024 beginning at 12:15 PM EST. Presentation materials for the conference will be posted on the Company's Investor Relations website under "Presentations" the morning of the conference. A vi ...

PITTSBURGH, March 07, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR, the “Company”), announced today that John Kasel, President and Chief Executive Officer, and Bill Thalman, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small Cap Virtual Conference on March 14, 2024 beginning at 12:15 PM EST. Presentation materials for the conference will be posted on the Company’s Investor Relations website under “Presentations” the morning of the conference. A vid ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 0-10436 L.B. FOSTER COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 25-1324733 (State of Incorporation) (I.R. ...

L.B. Foster Company (FSTR) logged fourth-quarter 2023 loss of 4 cents per share, narrower than the year-ago quarter's loss of $4.09 per share. The figure was wider than the Zacks Consensus Estimate of a loss of 3 cents.The company recorded revenues of $134.9 million for the quarter, down around 2% year over year. It surpassed the Zacks Consensus Estimate of $127.7 million. Net sales rose 7.7% organically and fell 9.4% due to divestitures.New orders were $105.5 million in the reported quarter, down around 23 ...

L.B. Foster Company (NASDAQ:FSTR) Q4 2023 Earnings Conference Call March 5, 2024 11:00 AM ET Company Participants Stephanie Schmidt - IR Manager John Kasel - President and CEO William Thalman - EVP and CFO Conference Call Participants Chris Sakai - Singular Research Alex Rygiel - B. Riley Securities Operator Good day and thank you for standing by. Welcome to L.B. Foster's Fourth Quarter 2023 Earnings Call. At this time all participants are in a listen-only mode. After the speakers' presentation, there will ...

Full year 2023 net sales of $543.7 million up 9.3% over prior year (up 11.7% organically) and $3.7 million above the upper end of guidance range; gross margins expanded 270 basis points to 20.7%.Fourth quarter net sales of $134.9 million down 1.7% from prior year quarter (up 7.7% organically1); gross margins expanded 200 basis points to 21.5%.Full year 2023 net cash flow from operations of $37.4 million was favorable $48.0 million over 2022, with free cash flow1 totaling $33.0 million and $2.3 million in st ...

Financial Performance - Full year 2023 net sales reached $543.7 million, a 9.3% increase over the prior year, with organic growth of 11.7%[5] - Fourth quarter net sales were $134.9 million, down 1.7% year over year, but up 7.7% organically[5] - Full year 2023 adjusted EBITDA was $31.8 million, an increase of $7.6 million over the prior year, exceeding guidance by $0.8 million[5] - Fourth quarter adjusted EBITDA was $6.1 million, a decrease of $1.4 million year over year, primarily due to higher selling and administrative expenses[5] - Gross profit for the full year 2023 was $112.8 million, an increase of $23.2 million or 25.9%, with gross profit margin expanding by 270 basis points to 20.7%[15] - Gross profit for Q4 2023 was $29.043 million, representing a gross margin of 21.5%, compared to $26.774 million in Q4 2022[28] - Adjusted EBITDA for Q4 2023 was $6,099 million, down from $7,478 million in Q4 2022, reflecting a margin of 4.5% compared to 5.5% in the prior year[37] - The adjusted EBITDA for the year ended December 31, 2023, was $31,775 million, up from $24,179 million in 2022, indicating improved operational efficiency[37] Orders and Backlog - New orders in the fourth quarter totaled $105.5 million, a decrease of 23.4% year over year, with a backlog of $213.8 million[5] - New orders for the full year totaled $529.0 million, a decrease of 4.2% from the prior year, while backlog decreased by $58.5 million or 21.5%[15] - New orders in the Rail segment decreased by $13.5 million, or 18.3%, with a backlog of $84.4 million, down $20.8 million or 19.8% from the prior year[11] - New orders in the Infrastructure segment decreased by $18.8 million, or 29.3%, with a backlog of $129.4 million, down $37.6 million or 22.5% from the prior year[12] - New orders for Q4 2023 totaled 105,509, a decrease of 23.4% compared to 137,827 in Q4 2022, with organic new orders down by 15.6%[38] Segment Performance - The Infrastructure Solutions segment achieved organic sales growth of 23.1% with gross profit margin expanding to 24.0%[6] - Net sales for the fourth quarter of 2023 in the Rail segment were $69.3 million, a decrease of $8.4 million or 10.9% compared to the prior year, primarily due to the divestiture of the prestressed concrete railroad tie business[11] - In the Infrastructure segment, net sales for Q4 2023 were $65.6 million, an increase of $6.1 million or 10.3% over the prior year, driven by Precast Concrete Products and Steel Products[14] - Gross profit for the Infrastructure segment in Q4 2023 was $15.7 million, an increase of $6.9 million or 77.8%, with gross profit margin rising by 910 basis points to 24.0%[14] - Infrastructure sales increased by 10.3% in Q4 2023, reaching $65,583 million, while rail sales decreased by 10.9% to $69,294 million[38] Debt and Cash Flow - Net debt decreased by $36.3 million in 2023, finishing at $52.7 million, with gross leverage improving from 2.8x to 1.7x[5] - Cash flow from operations for the fourth quarter was $22.1 million, a $13.8 million increase over the prior year quarter[9] - Total debt decreased to $55,273 million as of December 31, 2023, down from $91,879 million in the previous year[37] - The company reported a net debt of $52,713 million as of December 31, 2023, compared to $88,997 million in 2022[37] Loss and Earnings - Operating profit for the year ended December 31, 2023, was $10.138 million, a significant recovery from an operating loss of $7.206 million in 2022[28] - Net loss attributable to L.B. Foster Company for Q4 2023 was $430,000, compared to a net loss of $43.931 million in Q4 2022[28] - The company reported a basic loss per share of $0.04 for Q4 2023, an improvement from a loss of $4.09 per share in Q4 2022[28] - Net loss for Q4 2023 was $(470) million, a significant improvement from a loss of $(43,962) million in Q4 2022[37] Strategic Actions - The company completed four acquisitions and three divestitures in 2023 as part of its strategic transformation plan[8] - The company made adjustments to exclude expenses related to the exit of the bridge grid deck product line and restructuring costs for the year ended December 31, 2023[32] - The company views net debt as an important metric, with total debt less cash and cash equivalents indicating its operational and financial health[33]

L.B. Foster Company (NASDAQ:FSTR) Q3 2023 Earnings Conference Call November 7, 2023 11:00 AM ET Company Participants Stephanie Schmidt - IR Manager John Kasel - President, CEO & Director William Thalman - EVP & CFO Conference Call Participants Alexander Rygiel - B. Riley Securities Chris Sakai - Singular Research Operator Good day, and welcome to L.B. Foster's Third Quarter of 2023 Earnings Call. Later, we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2023 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Exact name of registrant as specified in its charter) Pennsylvania 25-1324733 (State of Incorporation) (I. R. S. Employer Identification No.) 415 Holiday Drive, Suite 100, Pittsburgh, Pe ...

L.B. Foster Company Q2 2023 Earnings Presentation Nasdaq -FSTR August 8, 2023 Safe Harbor Disclaimer | --- ...